![]() ![]() Q #6) Which mining pool is the best to join?Īnswer: A variable difficulty algorithm allows for a balanced flow of hash data to the pool server. Always check the task distribution method when deciding on a crypto mining pool. ![]() Most have a fair task distribution that will allow those with low hash rates to mine profitably. However, some higher hash rates or biggest Bitcoin mining pools favor those with a higher hash rate because the distribution of mining tasks through algorithms favors that. It should also be genuine, especially for cloud mining pools.Īnswer: Yes, it is better. If it allows you to use your available equipment to mine profitably the crypto you want to mine, then it is. You do not also need to invest in an execrably huge hash rate when mining on a pool to win a block like it would need you to invest in when mining in solo mode.Īnswer: Certainly yes. Q #3) What is the advantage of a mining pool?Īnswer: The main advantage is that you combine hash rates with other people to make up a bigger total that is more likely to win a block and thus more rewards when mining together than in solo mode. You can also research on VPS, hosted ASICs, and GPUs, then connect to your desired pool.Connect mining machines to the pool as per directions offered on the website.Sign up with the desired pool or cloud mining site to buy the hash rate for the latter.Check profitability as per crypto desired to mine. Buy mining machine per the crypto desired to mine.Decide on the crypto you want to mine.Research on different types of pools, payment or reward distribution methods, fees, payment thresholds, and their hash rates.For the latter types, if the reaches a set amount, it is paid. Frequently Asked QuestionsĪnswer: The best Bitcoin mining pools payout daily, with some paying daily regardless of the amount earned and others pegging the daily payout to a certain threshold. Other variants put more weight on recent hash rate shares (Recent Shared Maximum Pay-Per-Share (RSMPPS)). Best for those who mine 24/7 without connections dropping regularly. Pay Per Last N Shares: Members are paid only when a pool is found, but they also paid all your shares in previous blocks where a block was not found by the pool after the next block is found. BEST ZCASH MINER POOL PLUSThe reward relies on the moving average calculation of the actual hash rate with a ramp-up or down period when the user stops mining.įull Pay Per Share or Pay Per Share+: Same as Pay Per Share except that members of the pool get paid the mined rewards plus the included transaction fees of the mined block. Score: The scoring hash rate method is independent of mining rounds. It is best for those who mine on and off for dropping connectivity or power. Pool members get paid each a share of the mining reward. Pay Per Share: Each member in the pool contributes their hash rate as shares per each round and an accepted share is instantly paid an equivalent fraction of the total earned rewards from the mining round. How Crypto Mining Pools Distribute Rewards: Methods ![]()
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